Home / Business/ PCHH returns to profitability in 3Q

PCHH returns to profitability in 3Q


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 16 February 2016 00:47


Adam Capital PLC, formerly known as PC House Holdings PLC, disclosed a quarterly profit of Rs. 1.3 million, which is an increase of 109% over the last quarter. Its net asset value has also increased to Rs. 2.20 per share which is also an increase over the previous quarter. 

Adam Capital PLC Chairman Ajita Pasqual has stated in his letter to shareholders: “I’m glad to inform you that PCHH (Adam Capital PLC) has recorded a profit of Rs. 1.3 million for the quarter ended BUP_DFTDFT-3-AJITH31st December 2015 and its net asset value (NAV) has increased to Rs. 2.20 per share ensuring the investor community that the company is now in the right hands.”

PCHH is the 100% owner of Adam Carbons Ltd. (formerly Bieco Link Carbons) and Adam Capital Micro Credit Ltd.   

“Adam Carbons manufactures a diverse range of granular activated carbon to many overseas destinations including USA, Taiwan and South Africa. Over the period in review the company has steadily increased its production capacity and has successfully built a strong order book ensuring a long-term sustainable growth of our business.

“Adam Capital Micro Credit offers Sharia compliant lending facilities to the members of the under-served communities in the urban and the semi-urban areas. During the period under review the company has strengthen its lending portfolio and maintained a strong recovery ratio.”


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation


Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc


The bald truth about fake news, etc.

Friday, 21 September 2018

In its most innocent forms, we may all enjoy a bit of ‘fake news’ and go to bed with a lighter heart and clean conscience. A meme on Facebook urging social media consumers to caution – “You can’t believe everything you read on the internet


Withholding Taxes – What, why, when?

Thursday, 20 September 2018

The tax regime in Sri Lanka historically imposes WHT on both domestic as well as cross border payments. WHT on domestic payments eases revenue collection (e.g.: PAYE) while WHT on cross border payments are adopted by most countries to ensure that the


Columnists More